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13.0¢ minotaur exploration ltd

Ann: High grade copper-gold confirmed at 'Jericho', Eloise JV, page-28

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45

07/11/17

21:26

Post #: 28584285
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Originally posted by Seth Davis ↑

Rough...

Eloise 3.2mt @ 5.5% Cu & 1.5g/t = 176kt Cu & 155k ounces

Using IGV (5%) = ($1.636b + $255.15m) * 5% = $95m

Although, the above is from the original resource and I believed they doubled that from production to date. Hard to find info because it's been mined by an unlisted entity for a number of years.

I do think Jericho has the potential to be much larger. The strike of the EM anomalies are up to 4kms, whereas the lodes at Eloise are only a few hundred meters. The width and grade of the discovery hole so far are very similar to Eloise, big tick there.

If it's an Eloise size deposit, Oz Minerals might not be interested. However, I'm sure the Eloise mill would be hungry and is already set up for the ore - FMR Investments (mill owner) will be watching the Jericho discovery with close interest and there could be many ways to strike a deal to feed their hungry 600kt hippo.

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Seth,

It would be nice if Jericho was up to a factor of 6 times the size of Eloise. I guess we can only dream until they stick a lot more holes into it.

Mind you, on the beer coaster it could be that much larger, although what grade it comes up with is the main question to be answered.

MI

MEP Price at posting: 9.2¢ Sentiment: None Disclosure: Held
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